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    MYR to USD Exchange Rates

    Compare & Save on Malaysian ringgit to US dollar FX rates - Check MYR/USD Trends and Forecasts.

     
    1 MYR =
    0.2250We compare provider deals to this wholesale mid-market rate. Read more
    USD
    MYR to USD at 0.2250 is just 0.6% below its 90-day average 0.2264 with range 0.2243-0.2290.
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    Sell MYR   →   Buy USD
    Track Rate

    14-DAYHIGH
     

    The Malaysian ringgit has remained below 24 US cents since the end of 2021 as a firmer US dollar kept Asian currencies subdued while escalating woes due to the Russian invasion of Ukraine switched markets to safe haven mode.

     MYR Outlook

    DateMYR/USDChangePeriod
    27 Jul 2022
    0.2243
    0% 2 Week
    12 May 2022
    0.2276
    1.4% 3 Month
    10 Aug 2021
    0.2365
    5.1% 1 Year
    11 Aug 2017
    0.2328
    3.6% 5 Year
    12 Aug 2012
    0.3211
    30.1% 10 Year
    15 Aug 2002
    0.2631
    14.7% 20 Year
    MYR/USD change over periods to 10-Aug-2022

    MYR to USD - Compare & Save

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

     

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    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest MYR to USD Exchange Rate (shown above) or a transaction fee and often both!

     

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    Country Guides - Malaysian ringgit & US dollar

     
    United StatesUnited States (USD)MalaysiaMalaysia (MYR)
       
     

    How to get a good MYR to USD Exchange Rate

    There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

    Reduce Excessive costs and fees

    Generally speaking, if you are buying US dollar with Malaysian ringgit, then it's good for the MYR/USD exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to the United States.

     

    Will the Malaysian ringgit rise against the US dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add MYR/USD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates

     

    Rather than requiring you to set a target rate, our FX Alerts work differently.

    Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.